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The CL Crude-analysis Thread
Started:December 17th, 2014 (02:33 PM) by tturner86 Views / Replies:125,289 / 1,753
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The CL Crude-analysis Thread

Old April 2nd, 2015, 08:43 AM   #891 (permalink)
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CL already down 2.93% , not interested in longs yet. Just like yesterday there were no shorts, there are no longs for me till FLUSH DOWN. I need eveidence. Picking up levels only goes so far. Flush ups/Flush downs are ideal set ups for me but not every trade comes with an ideal set up. Trades without Flush up/Flush down like long around 48.50 area into this sell off makes sense- just be prepared for lot of back and forth. Anyone who took long around 48.50 should have been prepared for back and forth. So far he/she has been holding the trade for 35 minutes and wondering what's going on. I took long also but with small size and ready for back and forth till one side gives up. Not an ideal set up to put size on.

What is a FLUSH UP?

" How do you tell? It seemed to me that the first 15mins of that push up after the report was a big flush up, and crude had moved about 220 tick at that point from its low...

After 11;30 I had a short bias and just got chopped to bits this afternoon.."



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Old April 2nd, 2015, 09:11 AM   #892 (permalink)
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CL move from 48.38 to 48.85 in 45 minutes is it due to shorts covering shorts or real, intense buying? Does not look like that traders are killing each other to get long to me, so out some 48.86. Part of back and forth. If this long was due to reversal of a FLUSH down, i would have held for more ticks but since it's not, 40 ticks with this set up is all i am looking for.
A+ set up vs Run of the mill set up. A+ set ups come once a week, run of the mill set ups couple of times during a day.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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Old April 2nd, 2015, 10:50 AM   #893 (permalink)
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Anyone else trading or just watching the show? Traders who do not expose themselves and have desire to learn, improve, share will never get any where as far as forums like these are concerned. There must be lot of other things one can do if one is just trying to kill boredom.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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Old April 2nd, 2015, 11:00 AM   #894 (permalink)
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It's pretty comical if one reads " Introduce yourself" section. It's full of messages like

It's my deepest and sincere desire to learn and share whatever i can contribute, Then they become AWOL and spend years looking at colorful charts of other traders. More colorful the charts with more crap on it- strongest the attraction.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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Old April 2nd, 2015, 11:01 AM   #895 (permalink)
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A little here a little there

Futures Edge on FIO
Closed out an earlier long around 49.30, now wishing I hadn't. It was approaching opening range high so wanted to book profits.

Was hoping it would pull back to same area(it still might) but looking pretty strong to the upside right now.


mfbreakout View Post
Anyone else trading or just watching the show? Traders who do not expose themselves and have desire to learn, improve, share will never get any where as far as forums like these are concerned. There must be lot of other things one can do if one is just trying to kill boredom.


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Old April 2nd, 2015, 11:04 AM   #896 (permalink)
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Closed out an earlier long around 49.30, now wishing I hadn't. It was approaching opening range high so wanted to book profits.

Was hoping it would pull back to same area(it still might) but looking pretty strong to the upside right now.

If you want feedback- post your chart with reasons for longs and reasons to get out. if you were long from 49.80 area, you got 50 ticks and that's excellent on most days. Just make sure you do not try shorts till everything for you lines up. CL can come back right down to 49 from 49.90 area but if your set up does not lines up do not worry about as to how you could have taken the short etc. One only needs 1 or 2 good trades a day to break the so called BANK.

CONGRATULATION.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

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Old April 2nd, 2015, 11:22 AM   #897 (permalink)
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If before every trade i ask " How long of a hold time it will take to get paid, how much heat i will have to take, what kind of back and forth i will have to endure etc " I will cut down number of trades taken even more.

The best CL trader i know of - takes one or 2 trades per day. The market is just too efficent to give too many lay ups during a day. It gives plenty of Mikey Mouse trades all day.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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Old April 2nd, 2015, 11:43 AM   #898 (permalink)
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Hi Jthom,

You got Willie Mac got banned- well you did not do it. He was asking for it from day one. He will be back. Lets see your trades from down under.



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Old April 2nd, 2015, 11:50 AM   #899 (permalink)
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mfbreakout View Post
If you want feedback- post your chart with reasons for longs and reasons to get out. if you were long from 49.80 area, you got 50 ticks and that's excellent on most days. Just make sure you do not try shorts till everything for you lines up. CL can come back right down to 49 from 49.90 area but if your set up does not lines up do not worry about as to how you could have taken the short etc. One only needs 1 or 2 good trades a day to break the so called BANK.

CONGRATULATION.


After the opening price was bouncing off the 80's, I saw volume start to pick up and went long with a market order. When it hit 49.41, overnight low, and retraced a bit i closed it up. Whenever I have a trade on that has gone 30+ ticks in my favor i start to get antsy with booking profits.
Because I only trade 1-2 contracts, scaling in and out isn't an option i have explored very much.

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Old April 2nd, 2015, 11:56 AM   #900 (permalink)
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I'll be closing this trade soon if there's no more follow through to the down side but here it is.

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